Nick Lamparelli

Jul 14, 2024 | insnerds.com | Nick Lamparelli

In the dynamic world of insurance, executives constantly seek ways to steer their companies toward sustainable success. In this third installment (Part 1 and Part 2) of our series on strategy for insurance executives, we will probe into the concept of Power—a critical economic position that enables a business to generate above-market profits for an indefinite period.

Jul 14, 2024 | insnerds.com | Nick Lamparelli

In sales and marketing, it’s easy to get caught up in the whirlwind of assumptions and preconceptions. We think we know what our customers want, but do we truly understand the depths of their desires? Enter Reese’s Peanut Butter Puff Cereal:This clever ad serves as a hilarious reminder that the surface-level problems we think we’re solving are often just a smokescreen for the real, underlying issues our customers are facing.

Jul 6, 2024 | insnerds.com | Nick Lamparelli

It’s an open secret: insurance policies are notoriously complex, often leaving both buyers and industry professionals scratching their heads about covered risks. Ask an underwriter for a clear example of coverage, and you might receive a lengthy, convoluted, and vague response. Such complexity contributes to the commoditization of insurance products, making it nearly impossible for consumers to discern one policy from another.

Jul 3, 2024 | insnerds.com | Peter Crowe |Nick Lamparelli

On July 4th, 1776, a remarkable startup was born. Dubbed the United States of America, this fledgling entity struggled in a world dominated by established powers. Much like any new business venture, the USA had to fight—quite literally—to establish its place. Once it found its footing, the next challenge was determining how to survive and thrive amidst formidable competitors. The parallels between the early USA and a modern startup insurer or managing general agency (MGA) are striking.

Jul 3, 2024 | insnerds.com | Peter Crowe |Nick Lamparelli

On July 4th, 1776, a remarkable startup was born. Dubbed the United States of America, this fledgling entity struggled in a world dominated by established powers. Much like any new business venture, the USA had to fight—quite literally—to establish its place. Once it found its footing, the next challenge was determining how to survive and thrive amidst formidable competitors. The parallels between the early USA and a modern startup insurer or managing general agency (MGA) are striking.